7 Best Cross-Chain Bridges in Crypto (2024)
In the evolving world of web3, the ability to seamlessly transfer assets between different blockchain networks has become increasingly crucial. Cross-chain bridges serve as the key to unlocking this capability, enabling users to bridge the gap between varied ecosystems and access a wider range of opportunities. In this article, we’ll explore the top 7 crypto bridges for cross-chain swaps in 2024, providing insights into their functionalities, supported blockchains, and the benefits they offer to users.
What Is A Cross-Chain Bridge?
Cross-chain bridges are technological solutions or protocols that facilitate the transfer of digital assets, tokens, or data between different blockchain networks. These bridges act as connectors, providing interoperability and communication between different blockchain ecosystems. They enable users to access liquidity, diversify their holdings, and participate in various decentralized applications (DApps) seamlessly.
Top 7 Crypto Bridges for Cross-Chain Swaps
Cryptocurrency bridges solve the problem of interoperability by bridging the gap between blockchain networks and fostering collaboration across ecosystems. Additionally, crypto bridges facilitate liquidity provision, allowing users to access a wider range of assets and decentralized finance (DeFi) opportunities. These bridges promote scalability by distributing network activity across multiple interconnected chains. However, bridges are also vulnerable to hacks. Thus, it is important you choose the right platform to bridge your tokens. Here’s the list of the top 7 crypto-bridges for cross-chain swaps:
1. Rubic
Rubic is our top choice as it’s a cross-chain bridge aggregator, and it offers users access to a diverse range of 70+ blockchain networks, 200+ DEXs and 15,000+ tokens.
That is, instead of using individual bridges that might have selective compatibility on which chains and tokens they allow you to trade – Rubic aggregates data across pretty much all known DEXs and chains to not just give you access to virtually every swap route possible, but also evaluate the pricing of each swap in realtime to ensure you’re also getting the best swap rate out there.
Through its intuitive interface and robust infrastructure, Rubic aggregates over 20 crypto bridges onto a single platform, providing users with unparalleled access to liquidity and seamless cross-chain swapping capabilities. For that, it takes our top spot.
2. Hop Protocol
Hop Protocol was launched in August 2021. It is a multichain bridge that enables users to swap tokens between different blockchains in a fast, secure, and efficient manner. It utilizes a unique liquidity pool-based approach to facilitate these swaps, offering several advantages over traditional bridge methods. The total value locked in this bridge is around $63.5 million.
Hop currently supports Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, Fantom, and several other chains, offering extensive interoperability.
3. Across Protocol
Across Protocol is a cross-chain bridge aiming to facilitate secure and efficient transfers of assets among a wide range of blockchains.
Across Protocol is still under development, and its long-term vision is to achieve truly universal cross-chain interoperability, connecting any two blockchains regardless of their protocol.
By leveraging a managed liquidity pool, Across Protocol offers users potentially lower transaction costs and consistent pricing, while also incentivizing liquidity providers with competitive yields.
4. Synapse Cross-Chain Bridge
It allows the transfer of assets across 16+ blockchain networks solving a major problem of blockchain interoperability. It also benefits developers, providing a robust infrastructure to build cross-chain applications (Dapps).
Further, cross-chain multi-party computation (MPC) makes it a strong and secure bridge.
5. Symbiosis
Symbiosis is a cross-chain AMM (Automated Market Maker) DEX (Decentralized Exchange) protocol that aims to bridge the gap between different blockchains and provide users with a more streamlined and efficient swapping experience.
It allows users to swap tokens between different blockchains, including EVM (Ethereum Virtual Machine) and non-EVM blockchains, in a single transaction.
6. Layer Zero Protocol
LayerZero currently supports over 50 blockchains and is actively expanding its reach. This comprehensive network allows developers to cater to a wider audience and explore diverse opportunities across various blockchain ecosystems.
The protocol utilizes immutable on-chain endpoints for secure and reliable communication between chains. This approach ensures the integrity and persistence of data, fostering trust and stability for developers and users alike.
7. Allbridge
Allbridge stands out as a multichain bridge facilitating secure and efficient transfers of various assets between different blockchains. It caters to a wider range of assets beyond just tokens, offering a unique solution for users exploring the evolving DeFi landscape.
It currently supports over 20 blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, Fantom, and more.
Rubic Cross-Chain Bridge: Aggregating 20+ Crypto Bridges Onto A Single Platform
Rubic’s cross-chain bridge solution revolutionizes the way users interact with different blockchain networks, offering a unified platform for seamless asset transfers and liquidity provision. By aggregating multiple crypto bridges, Rubic enhances interoperability, scalability, and accessibility within the decentralized ecosystem, empowering users to navigate the complexities of cross-chain swaps with ease.
FAQs About Crypto Bridges
What are the benefits of using a cross-chain bridge?
Cross-chain bridges enable users to access liquidity, diversify their holdings, and participate in various decentralized applications (DApps) across different blockchain networks.
How does Rubic ensure the security of cross-chain transactions?
Rubic employs advanced security measures. The integration of multiple bridges and DEXs allows Rubic to switch off the provider that gets out of operation, and redirect the user to a different, working one.
Rubic has a large infrastructure, team, and developer support, which allows for elaborating on more innovative measures to ensure the safety of swaps.
Why does blockchain need bridges?
Crypto bridges solve the problem of interoperability across different blockchain networks. It increases the scalability, solves the problem of liquidity, and enhances the use cases of a blockchain network. Using crypto bridges users can avoid issues like network congestion, slow speed, and high transaction fees.
Begin your cross-chain swap journey with Rubic today!